Tf1: Group share of net income up 57.1% in Q3


(CercleFinance.com) – Consolidated turnover amounted to 509.4 million euros, down -6.0% (at constant scope). Advertising revenue stood at €350.8 million, up 9.7% (at constant scope), driven in particular by the broadcast of the Rugby World Cup.

Current operating income from activities (ROCA) stood at 51.7 million euros in the third quarter of 2023, up 1.2%. The current operating margin of the activities stood at 10.1% (+0.9 pt).

Operating profit amounts to 45.4 million euros. Net income, Group share, stood at €37.7 million, up 57.1% year-on-year.

Consolidated turnover for the first nine months of 2023 amounted to 1,547.5 million euros, down -8.4% (at constant scope). Current operating income from activities (ROCA) stood at €204.0 million, or -16.1% year-on-year. The current operating margin of the activities is 13.2%, a level close to 2022.

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